Visteon (NASDAQ:VC) Price Target Cut to $117.00

Visteon (NASDAQ:VC) had its price objective reduced by investment analysts at The Goldman Sachs Group from $130.00 to $117.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 25.08% from the company’s current price.

Other equities analysts also recently issued reports about the company. Morgan Stanley lowered their target price on Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $124.00 price objective on shares of Visteon in a research report on Tuesday, September 10th. TD Cowen reduced their target price on shares of Visteon from $142.00 to $140.00 and set a “buy” rating for the company in a report on Friday, July 26th. Baird R W downgraded shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Wolfe Research initiated coverage on shares of Visteon in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Visteon presently has an average rating of “Moderate Buy” and an average target price of $129.21.

Visteon Stock Performance

VC stock opened at $93.54 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50. Visteon has a 1 year low of $88.37 and a 1 year high of $136.80. The company has a market cap of $2.58 billion, a P/E ratio of 5.35, a price-to-earnings-growth ratio of 0.47 and a beta of 1.46. The stock’s fifty day moving average price is $98.96 and its 200-day moving average price is $106.47.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.58. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm posted $1.18 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts forecast that Visteon will post 8.06 earnings per share for the current year.

Insider Activity at Visteon

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the transaction, the senior vice president now directly owns 5,988 shares of the company’s stock, valued at $669,039.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Signaturefd LLC lifted its position in Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after buying an additional 119 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Visteon by 98.6% in the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after acquiring an additional 142 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Visteon during the 1st quarter worth about $48,000. Mather Group LLC. purchased a new stake in Visteon in the 2nd quarter worth about $59,000. Finally, TFO Wealth Partners LLC lifted its stake in Visteon by 52,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 525 shares of the company’s stock worth $66,000 after purchasing an additional 524 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.